McBee Elementary opened in the 2000-2001 school year. The school is named for Frank and Sue McBee, noteworthy Austin citizens and philanthropists. Frank McBee (1920-2000) was one founder of Tracor, which grew to become the first corporation headquartered in Austin to be listed on the New York Stock Exchange. Sue Brandt McBee (1923-2011) emigrated from Germany as a child. Her "pride in having joined so many other hopeful immigrants in their journey to America served as a constant motivation for her lifetime of achievement and her empathy for those still seeking fulfillment of their own American Dream." Of all her many accomplishments and recognitions, "the award she was most proud of was the establishment of the [school]." Many memories of and gifts from her remain on campus.